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The COVID-19 pandemic represents not just a global health crisis, but may signal the beginning of a new era of economic activity, the potential consequences of which we currently do not fully understand. In this context, the mid-to-long-range impacts of the pandemic on the energy sector have been studied extensively in the last few months. Despite these efforts, the pandemic still raises many open questions concerning the long-term operation and planning of power systems. For instance, how will the pandemic affect the integration of renewable energy sources? Should current power system expansion plans change in light of the COVID-19 pandemic? What new tools should be provided to support system operators during global health crises? It is the purpose of this paper to better understand the many aspects of these open questions by reviewing the relevant recent literature and by analyzing measured data. We point out the main challenges that the pandemic introduced by presenting patterns of electricity generation and demand, frequency deviations, and load forecasting. Moreover, we suggest directions for future research that may assist in coping with the mentioned challenges. We hope that this paper will trigger fruitful discussions and encourage further research on these important emerging topics. [ABSTRACT FROM AUTHOR]

This paper analyzes the impact of the COVID-19 pandemic on economic growth and electricity consumption and investigates the hypothesis of the influence of this consumption on the gross domestic product (GDP) for Romania. Using time series on monthly electricity consumption and quarterly GDP and a multi-linear regression model, we performed an analysis of the evolution of these indicators for 2007–2020, a comparison between their behavior during the financial crisis vs. COVID-19 crisis, and empirically explore the relationships between GDP and electricity consumption or some of its components. The results of the analysis confirm that the shock of declining activity due to the COVID-19 pandemic had a severe negative impact on electric energy consumption and GDP in the first half of 2020, followed by a slight recovery. By using a linear regression model, long-term relationships between GDP and domestic and non-household electricity consumptions were found. The empirically estimated elasticity coefficients confirm the more important impact of non-household electricity consumption on GDP compared to the one of domestic electricity consumption. In the context of the COVID-19 pandemic, the results of the study could be useful for optimizing energy and economic growth policies at the national and European levels. [ABSTRACT FROM AUTHOR]